Ethiopian cuisine has been brought to Wellington by former refugees. SAPEER MAYRON reports on the latest in a string of eateries. The post LISTEN: Capital’s foodies embrace Ethiopia appeared first on NewsWire.co.nz.

Claims of 9 years of undervaluing and underfunding teachers are behind a series of meetings around the country this week. The meetings, run by New Zealand Educational Institute Te Riu Roa, offer teachers and principals a chance to discuss pressing issues such as teacher shortages and inadequate resources. National Executive member Liam Rutherford says change […]

The Washington Post has a story about how Congress is debating legislation whether to regulate derivatives.

The legislation includes establishing a single agency to oversee credit and mortgage lending, to give the Federal Reserve new powers, and to tighten regulations over a host of financial firms and practices:

The Obama administration formally proposed legislation on Tuesday to regulate exotic financial instruments known as derivatives, the final piece of the broad rework of financial regulations to be delivered to Congress. READ MORE.

An interesting story from the Washington Post about the Commodity Futures Trading Commission (CFTC) chairman Gary Gensler considering implementing policies that will reduce the price volatility caused by speculation on the commodity exchange.

The CFTC also has plans to regulate derivatives (financial contracts whose prices are derived from the price of something else. CLICK HERE for more information), limit the size of an investment a single firm can make in a particular commodity and allow greater public disclosure about the holdings of commodities traders:

The Commodity Futures Trading Commission will consider new measures to curb speculation in the markets for energy and other commodities, the agency is set to announce today.

The move aims to reduce the volatility of prices but faces resistance from top Wall Street firms, which fear the efforts could cut into profits. Regulators and lawmakers increasingly worry that these firms have used their size and power to inflate the prices of commodities, booking profits in the process. READ HERE.